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Stellantis (STLA) Outpaces Stock Market Gains: What You Should Know
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Stellantis (STLA - Free Report) closed the most recent trading day at $14.46, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 0.02% gain on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the automaker had lost 0.83% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 21.32% and the S&P 500's loss of 12.5% in that time.
Investors will be hoping for strength from Stellantis as it approaches its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.34 per share and revenue of $176.5 billion, which would represent changes of -13.2% and +76.78%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Stellantis. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.24% higher. Stellantis is currently a Zacks Rank #2 (Buy).
In terms of valuation, Stellantis is currently trading at a Forward P/E ratio of 3.29. This represents a discount compared to its industry's average Forward P/E of 7.69.
We can also see that STLA currently has a PEG ratio of 0.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Foreign was holding an average PEG ratio of 0.38 at yesterday's closing price.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Stellantis (STLA) Outpaces Stock Market Gains: What You Should Know
Stellantis (STLA - Free Report) closed the most recent trading day at $14.46, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 0.02% gain on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the automaker had lost 0.83% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 21.32% and the S&P 500's loss of 12.5% in that time.
Investors will be hoping for strength from Stellantis as it approaches its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.34 per share and revenue of $176.5 billion, which would represent changes of -13.2% and +76.78%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Stellantis. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.24% higher. Stellantis is currently a Zacks Rank #2 (Buy).
In terms of valuation, Stellantis is currently trading at a Forward P/E ratio of 3.29. This represents a discount compared to its industry's average Forward P/E of 7.69.
We can also see that STLA currently has a PEG ratio of 0.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Foreign was holding an average PEG ratio of 0.38 at yesterday's closing price.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.